Section 14755 Of Article 8. Penalties From California Financial Code >> Division 5. >> Chapter 4. >> Article 8.

. Any director, officer, agent, or employee of any credit union who knowingly receives or possesses the credit union's property otherwise than in payment of a just demand with intent to defraud, omits to make or omits to cause to be made a full and true entry thereof in the credit union's books and accounts, or concurs in omitting to make any material entry thereof, is guilty of a felony.